Hummingbird News Desk
MIDNAPORE, 18 MAY: Chief Minister Mamata Banerjee has announced setting up of a bicycle manufacturing park at Vidyasagar Industrial Park of WBIDC at Kharagpur in West Midnapore which will be generating employment for more than 4000 people.
“We distribute 10 to 11 lakh cycles every year under Sabooj Sathi that involves an expenditure of Rs 400 to 500 crore. We have to import cycle parts from other states as there was no cycle factory here. I am very happy today with industrialists coming forward for setting up a cycle park here. WBIDC (West Bengal Industrial Development Corporation) will be allotting land 30 acres land at Vidyasagar Industrial Park for this project,” the Chief Minister stated during her district administrative review meeting here on Tuesday.
Four state-based MSME manufacturing units of bicycle and parts of bicycle were present at the programme. The upcoming bicycle Park will be ultimately developed on 65 acres of land in 3 phases.
In first phase total 5 units will come up in a land of 30 acres wich will together manufacture various components like cycle frame, tyres, tubes, hub, rim etc and will be able to produce 4 lac bicycles annually in next 18 months and in another 2-3 years, a total of 6-7 lac bicycles will be produced annually.
The park will attract an investment of around Rs 200 crore and business turnover is expected to reach Rs 1000 crore per year when fully operational. More than 4,000 job opportunities will likely be created under this initiative of the State Government.
The Cycle Park will also focus on manufacturing of modern high-end bicycles, eBikes, Electric Vehicles and other two and three wheelers for domestic and export market.
The state government has assured all support and benefits under the Banglashree scheme for promotion of MSME units in the state for these upcoming units in the proposed Bicycle manufacturing park.
Tags: #MamataBanerjee #BicycleManufacturingPark #VidyasagarIndustrialPark #Kharagpur
